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Islamic Reit shortage seen boosting demand for Johor's new trust

Johor Corp plans to list RM900m Al-Salam Reit, expects to deliver returns of around 6.3 per cent in 2016

Kuala Lumpur

DEMAND for Malaysian Islamic real estate investment trusts (Reits) may withstand a sluggish property market as their steady rental income is popular with pension funds amid a shortage of syariah-compliant assets.

Johor Corp, the investment company of the country's